The Credit Union Asset Strategy Group has $1 billion in client assets and establishes CFWP's first office in Michigan to serve the private wealth market.

Cantor Fitzgerald Wealth Partners has added its first wirehouse team and office in the shape of the Credit Union Asset Strategy Group.

Joining Mark Wickard in Michigan will be Tobias Timm, Regina Wickard and Kevin Lynch, who manage around $1 billion in assets.

The group will work closely with Cantor Fitzgerald & Co's debt capital markets team to help grow the business and provide fixed income brokerage for credit unions.

Wickard was previously executive director in the Morgan Stanley Credit Union Group; Timm was most recently a senior vice president there, and Wickard and Lynch were first vice presidents.

In other recent developments at CFWP, Stan Gregor, who launched the firm, recently left (see more here).